United Airlines Resumes Direct Flights To Israel, First US Carrier To Do So Since Onset Of War With Hamas
Portfolio Pulse from Benzinga Neuro
United Airlines Holdings Inc (NASDAQ:UAL) is set to resume direct flights to Israel in March, becoming the first U.S. carrier to do so since the Gaza war in October. The service will restart from Newark to Tel Aviv with daily nonstop flights using a Boeing 787-10. This move could mark a turning point for travel to Israel, which had seen a decline due to security concerns. Other major U.S. carriers, American Airlines Group Inc. (NASDAQ:AAL) and Delta Air Lines, Inc. (NYSE:DAL), had also suspended their services following the Hamas attack but have not announced plans to resume flights.
February 22, 2024 | 5:27 am
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POSITIVE IMPACT
United Airlines is resuming direct flights to Israel, indicating potential growth in travel demand and positive public relations, possibly impacting stock positively.
Resuming flights to Israel could boost United Airlines' revenue from increased travel demand and enhance its brand image as the first U.S. carrier to restart services post-conflict, likely leading to a positive short-term impact on its stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90
NEGATIVE IMPACT
American Airlines has not announced plans to resume flights to Israel, potentially missing out on early recovery of travel demand to the region.
By not resuming flights to Israel as early as United Airlines, American Airlines might lag in capturing the recovering travel demand, which could negatively affect its stock in the short term due to perceived missed opportunities.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Delta Air Lines, similar to AAL, has not yet resumed flights to Israel, potentially affecting its competitive position and stock.
Delta Air Lines' delay in resuming flights to Israel might impact its stock negatively in the short term, as it may be perceived as falling behind in capturing the post-conflict travel demand recovery.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70